AssumeEvco, Inc. has a current stock price of $46.03 and will pay a $1.90 dividend in oneyear;
Fantastic news! We've Found the answer you've been seeking!
Question:
AssumeEvco, Inc. has a current stock price of $46.03 and will pay a $1.90 dividend in oneyear; its equity cost of capital is 17%. What price must you expect Evco stock to sell for immediately after the firm pays the dividend in one year to justify its currentprice?
Posted Date: